‘The project on the industrial development of the northern parts of the Urals (known as The Industrial Urals-The Polar Urals) is the grandest territory development project since the Soviet times; it could actually yield some very impressive economic and political returns. The implementation of this project, though, is associated with a number of certain difficulties,’ Finam’s Konstantin Romanov said to UrBC. Mr. Romanov believes one of the problems facing the project coordinators is the need to look for some private investors who would contribute at least 25% of the total sum to the project.

Central Bank of Russia reports volume of loans given by UralTransBank to for-profit self-regulatory organizations for up to 30 days went down by 25.34% (from 32.341 million RUR to 24.148 million RUR) in January-July 2007.

According to the Central Bank of Russia, volume of for-profit self-regulatory organizations’ deposits in GRAN Bank valid for 31 to 90 days went down by 98.64% (from 25 million RUR to 340,000 RUR) in January-July 2007.